And the winner is…
Reliance MediaWorks submitted a winning bid of $30.2 million dollars for 30% of Digital Domain, the Ender’s Game special effects company. The bid was made in partnership with Galloping Horses. Galloping Horses is a Chinese firm that focuses on film and television. Together these two companies have a combined value of $25 billion.
Both companies have happy about the winning bid.
“We are thrilled to have found a partner in Reliance MediaWorks that is as committed as we are to ensuring Digital Domain’s continued excellence and success,” Zhong, vice chairman of Galloping Horses, said in a statement today.
“We have had a wonderful working relationship with Digital Domain over the years and we could not be happier to take it further through the joint Galloping Horse – Reliance acquisition,” said Venkatesh Roddam of Reliance MediaWorks.
Through their acquirement of Digital Domain the companies gained a stake in the Ender’s Game film. It remains to see if these companies will stake in Ender’s Game.
The Ender’s Game film will be released on November 1, 2013.